Toyota Motor Philippines (TMP) announced that it will return the safeguard duty deposits collected on the sales of motor vehicles to its respective customers. The petition for safeguard duty on the importation of motor vehicles has been dismissed six months after it was implemented.
Toyota Avanza
As a refresher, the Department of Trade and Industry (DTI) implemented safeguard duties on imported passenger cars (PCs) and light commercial vehicles (LCVs) last January 2021. This is enacted to support the local automotive industry as more jobs are lost due to the rising imported vehicles in the country.
Under the safeguard duty, imported PCs are added with Php 70,000 per unit, while imported LCVs get Php 110,000 per unit. The prices go up to Php 78,400 for imported PCs and Php 123,200 for imported LCVs after including value-added tax (VAT) of 12 percent.
Be advised
Toyota customers who bought the following models with the added importation tax are advised to contact their Toyota dealer to see their schedules to claim their refund. The car brand said that Toyota dealers will contact the concerned customers for the schedules to claim their refund.
Passenger Cars:
- 86
- Yaris
- Wigo
- RAV4
- Rush
- Avanza
- Camry G
- FJ Cruiser
- Corolla Altis
- Corolla Cross
- Fortuner V and G
Light Commercial Vehicles:
- Hilux
- Hilux Cab and Chassis
- Hiace Cargo
Take note, Toyota models such as the Vios, Innova, Prius, Supra, Camry V, Fortuner LTD and Q, Prado, Hiace, Alphard, and Coaster are exempted from the safeguard duty tax. The Japanese automaker clarified that the collection of security deposits from new sales will be discontinued.
Toyota Wigo
To keep its customers updated with the latest news such as the safeguard duty refund, TMP recently rolled out the myTOYOTA app which offers online services. Some of its features include receiving reminders and important notices, exploring Toyota models, booking service appointments, among others. It is now available on App Store and Google Play for free.
Visit Philkotse.com for more automotive news.